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This document outlines the obligations and rights of buyers and sellers in real estate transactions, including disclosures and contractual agreements.
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How to fill out real estate purchase contract

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How to fill out real estate purchase contract

01
Begin with the date at the top of the contract.
02
Clearly identify the buyer and seller with their full names and addresses.
03
Describe the property being purchased, including the address and legal description.
04
Specify the purchase price and payment terms, including any deposits.
05
Outline the financing arrangements, if applicable, such as mortgage details.
06
Include contingencies, such as home inspections or financing approvals, and deadlines for these contingencies.
07
Detail the closing date and terms, including who will cover closing costs.
08
Include any personal property included in the sale, such as appliances or fixtures.
09
Specify any disclosures required by law, such as lead paint or property condition.
10
Ensure that both parties sign and date the contract.

Who needs real estate purchase contract?

01
Buyers and sellers of real estate transactions need a real estate purchase contract.
02
Real estate agents and brokers require it to facilitate the transaction.
03
Lenders may require it for loan processing.
04
Attorneys involved in real estate transactions need it for legal purposes.
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A real estate purchase contract is a legal agreement between a buyer and a seller that outlines the terms and conditions of the sale of real estate property.
Typically, both the buyer and the seller are required to file the real estate purchase contract with the appropriate local or state authorities to ensure the transaction is legally documented.
To fill out a real estate purchase contract, you need to provide information such as the parties involved, property details, purchase price, contingencies, and closing date, along with any other specific terms agreed upon.
The purpose of a real estate purchase contract is to legally bind the buyer and seller to the terms of the sale, providing a clear framework for the transaction and protecting the rights of both parties.
The information that must be reported includes names of the parties, property address, purchase price, earnest money deposit, closing date, and any contingencies or special agreements.
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Buyer Obligations Seller Obligations Pre-Qualification Letter Conditional Loan Commitment Disclosure Statement Material Facts Disclosure Hawaii Revised Statutes Amended Disclosure Statement Real Estate Transactions Rescission Rights

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